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TB MC Qu. 16-101 (Algo) At December 31, 2021, Moonlight Bay Resorts... At December 31, 2021, Moonlight Bay Resorts had the following deferred income tax

TB MC Qu. 16-101 (Algo) At December 31, 2021, Moonlight Bay Resorts...

At December 31, 2021, Moonlight Bay Resorts had the following deferred income tax items:

Deferred tax asset of $122 million related to a current liability

Multiple Choice

  • Current deferred tax liability of $52 million.

  • Noncurrent deferred tax asset of $118,000 and a non-current deferred tax liability of $96 million.

  • Noncurrent deferred tax liability of $136 million.

  • Noncurrent deferred tax asset of $192 million and a non-current deferred tax liability of $328million.

Deferred tax asset of $70 million related to a noncurrent liability

Deferred tax liability of $188 million related to a noncurrent asset

Deferred tax liability of $140 million related to a current asset Moonlight Bay should report in its December 31, 2021, balance sheet a:

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